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H.R. 1598, The The AIG Key Executives Bonus Accountability and Capture (TAKE BACK) Act

H.R. 1598 would amend the Internal Revenue Code of 1986 to impose a higher rate of tax on bonuses paid by businesses receiving TARP funds.

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From the Blog

No Bailout, Huh? . . . Would You Settle for “No Bonus”?

Everyone’s abuzz about the bonuses being paid out to AIG employees, some reaching above $1 million. And Congress is there on the case, chasing down the money that . . . it is responsible for putting out there in the first place. (Yes, yes, AIG ...

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